As Douglas Carswell MP reports, I will be supporting him next week as he introduces a ten-minute rule bill to begin reform of banking. As he writes: It’s the current system of scam banking that has given us today’s credit shortage. It’s the crony corporatism we have now that so damaged capitalist economies – bringing about a massive extension of state power. Under my plan, you would still have credit – but credit that was backed by real savings.  And by virtue of being backed by someone […]

Tags: Banking, Carswell, economics, Financial Services (Regulation of Deposits and Lending) Bill, Reform